Gift Tax 2024 Exclusion. This exemption is combined with the estate tax exemption to cover both the total value of. The federal gift tax annual exclusion applies to gifts made to each individual donee on an annual basis.

What is the gift tax exclusion? In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).